Daily analysis 11 November
Publish Date : 2019/11/11 - 07:03

Daily analysis

Daily news: today we have GDP on pound and Canada and US bank holidays on economic calendar.fluctuations will be on London time mostly and gold.

XAUUSD: gold prices fell significantly last week. It seems that gold prices entered into a downside trend on mid-term period. But it is in oversold area in 1458. It seems that gold may rebound to 1468.

EURUSD: the pair now is struggling 1.1020 support area. We may have a correction toward 1.1050 and bears may take the upper hand there.

GBPUSD: the pair may rise up to 1.2850/70 according to GDP data.

USDCHF: the pair was not able to close above 0.9990 yet. If it does,long term bulls may take the upper hand and raise the price up to 1.0100. but the prices may move toward 0.9950 as long as the prices are below 0.9990 area.

USDJPY: traders are trying to sell safe-haven JPY as sino-us trade talks are moving along nicely.if the prices close above 109.20 it may move toward 110.

USDCAD: the pair reached target at 1.3200 as we expected on Friday. It may move toward 1.3245 today.

AUDUSD: the pair may rebound to 0.6870 and continue falling from there down to 0.6842.

NZDUSD: the fall may continue down to 0.6284 and any correction could make sell positions appealing.

Crude oil: oil prices seems not to fall less than 56 as Aramco is preparing to supply Oil again.

Dow jones: trading on dow jones is not recommended due to bank holiday.

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. Navasangold, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

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